Tata Motors shares jump 5% on strong growth guidance. What are Nomura, other brokerages saying?

Tata Motors shares climbed 5 percent after the company outlined strong growth targets, including margin expansion and cash flow improvement. Brokerages remain divided, with JM Financial bullish, while Nomura and Motilal Oswal stayed cautious on near-term demand and margin pressures. Long-term outlook is supported by infrastructure growth, commercial vehicle demand recovery, and digital and EV initiatives.